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New Zealand Services Sector Falls Into Contraction
The services sector in New Zealand slipped into contraction territory in February, the latest survey from BusinessNZ revealed on Monday with a Performance of Services Index score of 49.1.
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Taiwan Stock Market Tipped To Open In The Green
The Taiwan stock market has finished higher in two of three trading days since the end of the four-day losing streak in which it had stumbled almost 800 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 21,970-point plateau and it's expected to open higher again on Monday.
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Singapore Stock Market Expected To Open To The Upside
The Singapore stock market on Friday ended the two-day winning streak in which it had added almost a dozen points or 0.3 percent. The Straits Time Index now sits just above the 3,835-point plateau and it may pick up steam on Monday.
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Win Streak May Continue For Malaysia Stock Market
The Malaysia stock market has moved higher in two straight sessions, advancing almost 30 points or 2 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,510-point plateau and it's tipped to open in the green again on Monday.
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Nikkei May Open To The Upside Again On Monday
The Japanese stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had rallied more than 370 points or 1 percent. The Nikkei 225 now rests just above the 37,050-point plateau and it may extend its gains on Monday.
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South Korea Bourse Poised To End Losing Streak
The South Korea stock market has finished lower in back-to-back sessions, slipping almost 10 points or 0.4 percent along the way. The KOSPI now sits just above the 2,565-point plateau although it may stop the bleeding on Monday.
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China Data Due On Monday
China is scheduled to release a raft of data on Monday, highlighting a busy day for Asia-Pacific economic activity. On tap are February figures for industrial production, retail sales, fixed asset investment, house prices and unemployment.
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Dollar Subdued Against Major Counterparts On Growth Concerns
The U.S. dollar remained subdued on Friday amid concerns the trade war could adversely impact the U.S. economy. Data showing a sharp drop in U.S. consumer sentiment weighed as well.
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TSX Ends Sharply Higher
The Canadian market ended on a strong note on Friday thanks to sustained buying in stocks from across several sectors.
A batch of encouraging economic data, and optimism on the political front following the swearing-in of former BoC Governor Mark Carneyas the new Canadian Prime Minister, triggered some strong buying in the market.
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Canadian Market Set To End On Buoyant Note
The Canadian market is up firmly Friday afternoon and looks well on course to end the day's session on a buoyant note, with stocks from across several sectors holding firm thanks to sustained buying interest.
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Swiss Market Ends Moderately Higher
After struggling for direction till more than a couple of hours past noon, Swiss stocks found some support on Friday to end the day's session on a firm note.
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European Stocks Close On Firm Note
European stocks closed higher on Friday on optimism about reforms in Germany's debt brake rule after reports said Friedrich Merz, who is likely to be sworn in as the country's next chancellor, had got the support from the Greens party to increase public borrowing that will help rise defense spending.
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Swiss Franc Weakens Against Majors
The Swiss franc fell against its major counterparts in the New York session on Friday, as U.S. stocks rallied after a decline in the previous session.
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